Thursday, April 18th, 2024Pre-market futures are positive across the board at this hour. We do see some discrepancies, depending on the index, particularly after this mornings earnings reports and economic prints have hit the tape: the Dow has moved from +50 points to +70, the Nasdaq has gone from +40 points to +25, and the S&P 500 has remained steady at +5 points so far in early trading. So far this week, all three indices are in the red over the past month — as of this past weekend.Initial Jobless Claims ...

For the quarter ended March 2024, D.R. Horton (DHI) reported revenue of $9.11 billion, up 14.2% over the same period last year. EPS came in at $3.52, compared to $2.73 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $8.27 billion, representing a surprise of +10.19%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $3.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Key PointsD.R. Horton had another solid quarter and guided the market higher for 2024. The backlog is growing sequentially and supports accelerating growth: all they have to do is build the houses. Dividends, share repurchases, rising equity, and increasing book value will help drive this stock to new highs. 5 stocks we like better than D.R. HortonAs many reasons as there are to be skeptical of the rally in homebuilder stocks, names like D.R. Horton NYSE: DHI are trending higher and will continue to rise. T ...

Key TakeawaysD.R. Horton shares climbed ahead of market open Thursday, after the homebuilder reported second-quarter earnings that beat estimates.A number of D.R. Horton's key metrics rose from the year-ago period, including revenue, homes closed, and total net sales orders.Following D.R. Horton's earnings, a number of other homebuilders are set to report earnings over the next few weeks. D.R. Horton (DHI) shares climbed close to 4% in premarket trading Thursday after reporting second-quarter results that s ...

Company Performance - D.R. Horton reported quarterly earnings of $3.52 per share, exceeding the Zacks Consensus Estimate of $3.08 per share, and up from $2.73 per share a year ago, representing an earnings surprise of 14.29% [1] - The company achieved revenues of $9.11 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 10.19%, compared to $7.97 billion in the same quarter last year [1] - Over the last four quarters, D.R. Horton has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [1] Market Performance - D.R. Horton shares have declined approximately 4.1% since the beginning of the year, while the S&P 500 has gained 5.3% [2] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $3.98 for the coming quarter and $14.21 for the current fiscal year [4] Industry Context - The Building Products - Home Builders industry, to which D.R. Horton belongs, is currently ranked in the top 15% of over 250 Zacks industries, indicating a favorable outlook [4] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, with D.R. Horton currently holding a Zacks Rank 2 (Buy) [3]

The housing market is feeling the squeeze as mortgage rates climb, deterring potential buyers and stalling the housing recovery. March's homebuilding data highlights this trend, with single-family homebuilding taking a hit.Permits for future construction and housing starts both fell short of expectations, reflecting the impact of rising mortgage rates on market activity. Builder hopes for lower interest rates have dimmed, complicating the outlook for the housing sector.Key TakeawaysAccording to Commerce Dep ...

NVR, Inc. (NVR) has been benefiting from improving demand amid low existing home inventory, prevailing economic conditions and interest rate woes.NVR, which engages in the construction and sale of single-family detached homes, townhomes and condominium buildings, banks on a disciplined business model and strong orders and backlog.Also, a focus on maximizing liquidity and minimizing risks is likely to help this Zacks Rank #1 (Strong Buy) company generate more returns for shareholders in the long term.Along w ...

D.R. Horton Inc. (DHI) is slated to report second-quarter fiscal 2024 (ended Mar 31, 2024) results on Apr 18, before the opening bell.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 2.1%, but revenues beat the same by 1.4%, respectively. Yet, earnings and revenues of this homebuilding company grew 2% and 6.5% from the year-ago reported figures.Markedly, D.R. Horton reported better-than-expected earnings in 19 of the last 20 quarters.The Trend in Estimate RevisionT ...

Key TakeawaysA number of homebuilders are set to report earnings this month, with D.R. Horton leading the way Thursday, giving investors a look at the state of the real estate market.JPMorgan analysts wrote in a note in March that D.R. Horton told them sales had been "healthy" so far in the quarter, with stable pricing and not much buildup in housing inventory.However, Wedbush Securities analysts recently downgraded several stocks in the homebuilding industry as it predicted seasonal declines in demand.Alon ...

Home builder stocks have the potential to become extremely valuable long-term investments. With mortgage rates projected to come down, a unique opportunity exists to capitalize on the housing market rebound. Right now, valuations in the home building sector look extremely attractive. That leaves room for a significant amount of upside potential for discerning investors. Additionally, there is a housing shortage across the United States, making these companies well-positioned to meet market demands. As inves ...